Experts reveal ratings on 3 popular ASX 200 mining shares

Analysts have shared their insights following a strong rally for the ASX 200 materials sector last week.

| More on:
Mining workers in high vis vests and hard hats discuss plans for the mining site they are at as heavy equipment moves earth behind them, representing opportunities among ASX 200 shares as nominated by top broker Macquarie

Image source: Getty Images

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

S&P/ASX 200 Index (ASX: XJO) shares closed at 8,880.8 points on Tuesday, up 0.41%.

The ASX 200 hit a new record of 8,885.7 points after the Reserve Bank announced a 0.25% interest rate cut yesterday.

Meanwhile, analysts have shared their insights on a trio of mining stocks following a strong rally for the materials sector last week.

Let's find out what their current ratings are: Buy, hold, or sell?

Own these 3 ASX 200 mining shares?

On The Bull this week, two experts explain their ratings on these popular ASX 200 mining shares.

Fortescue Ltd (ASX: FMG)

Fortescue is a pure-play ASX 200 iron ore share.

The company is a major iron ore producer in Western Australia and also has an emerging green energy division.

The Fortescue share price finished at $19.66 on Tuesday, up 1.24%.

Harrison Massey from Argonaut has a sell rating on the ASX 200 iron ore share.

Massey said Fortescue's June quarter report revealed record total iron ore shipments of 55.2 million tonnes.

This contributed to record total shipments of 198.4 million tonnes in fiscal year 2025, up 4% on the prior corresponding period.

He said shipments from Iron Bridge were 30% above consensus estimates.

Massey commented:

Despite the stronger-than-expected June quarter, we're still relatively downbeat on the outlook for iron ore spot prices, thereby creating significant short term headwinds.

Massey said the Fortescue share price has risen from $14.54 on 23 June to $19.66 yesterday.

He concluded that it "may be a good time to consider cashing in some gains".

Pilbara Minerals Ltd (ASX: PLS)

Pilbara Minerals is a pure-play ASX 200 lithium mining share.

It operates the Pilgangoora Project in Western Australia.

The Pilbara Minerals share price finished at $2.29 on Tuesday, down 0.87%.

Massey has a hold rating on Pilbara Minerals shares.

The analyst explained:

The sentiment surrounding lithium producers has improved, with a strong resurgence in the share prices of many ASX-listed lithium companies.

Pilbara's fourth quarter result in fiscal year 2025 was broadly stronger on all levels, with increased production and sales volumes amid a strong reduction in operational costs.

With almost $1 billion in cash, PLS remains the pre-eminent ASX lithium producer for all portfolios.

Regis Resources Ltd (ASX: RRL)

Regis Resources is a gold mining company with operations in Western Australia and New South Wales.

The ASX 200 gold mining share was the fastest riser of the entire ASX 200 in FY25.

The Regis Resources share price finished steady at $4.30 yesterday.

Blake Halligan from Catapult Wealth has a sell rating on Regis Resources shares.

He notes a fall in the Regis share price from $5.31 on 3 June to $4.30 yesterday.

While Halligan said Regis Resources met its FY25 production guidance, the stock hasn't paid a dividend since 2022.

He said:

Regis is an unhedged producer, so it's fully leveraged to the gold price, which can move in either direction.

In our view, RRL is up against inflationary pressures and economic uncertainty, so investors may want to consider cashing in some gains.

Motley Fool contributor Bronwyn Allen has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

More on Resources Shares

busy trader on the phone in front of board depicting asx share price risers and fallers
Resources Shares

Brokers issue new price targets on soaring ASX 200 mining shares

ASX 200 mining shares BHP, PLS Group, South32, and many others hit multi-year highs this week.

Read more »

Business people standing at a mine site smiling.
Resources Shares

Buying BHP and Rio Tinto shares? Here's how the ASX mining giants are partnering up

Rio Tinto and BHP are shaking things up in Western Australia.

Read more »

Two young male miners wearing red hardhats stand inside a mine and shake hands
Resources Shares

Mining momentum: 2 ASX stocks that could surprise investors this January

Copper demand is rising fast in 2026, putting Sandfire Resources and Rio Tinto back in focus.

Read more »

Two miners standing together with a smile on their faces.
Resources Shares

Fortescue shares vs. BHP: Which delivered superior returns in 2025?

We compare the 12-month returns of the two biggest ASX 200 mining shares, BHP and Fortescue.

Read more »

A gloved hand holds lumps of silver against a background of dirt as if at a mine site.
Resources Shares

Silver just tumbled 5% today. What on earth is going on?

Silver fell 5% after record highs as profit taking hit demand.

Read more »

Engineer looking at mining trucks at a mine site.
Resources Shares

Gallium has been earmarked as a critical mineral. Here's how you can get exposure on the ASX

These four companies are all looking to become producers.

Read more »

A woman is very excited about something she's just seen on her computer, clenching her fists and smiling broadly.
Resources Shares

Up 113% since April, why this $4 billion ASX 200 mining stock is tipped to keep outperforming in 2026

A leading broker forecasts more outperformance from this surging ASX 200 mining stock.

Read more »

Three miners stand together at a mine site studying documents with equipment in the background
Resources Shares

BHP shares hover near 52-week high as momentum builds. Is a breakout coming?

BHP shares trade near a 52-week high as buyer momentum supports the uptrend.

Read more »